Bitcoin: Holds $78K Range Amid ETF Outflows

Bitcoin sits at $78,817.81, down roughly 1% on the week while defending its established range despite spot and perpetual selling plus ETF outflows.

Capital inflows and elevated profitability metrics indicate the market continues to absorb pressure rather than fracture, a pattern observed across the past six months of range-bound consolidation.

Price action on the 4h chart reveals BTC testing upper Bollinger resistance at $78,458.32 inside a bullish EMA structure with the 50-period line at $77,921.55 acting as immediate support and the 200-period line at $74,393.78 anchoring the broader uptrend, while the MACD golden cross at 66.08 keeps momentum intact and RSI at 64.27 leaves room before overbought conditions emerge.